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U.S. equities struggled to find a definitive direction today as
investors digested the latest earnings and economic reports.
Boeing (BA) managed top analysts’ revenue
expectations, while AT&T (T) missed the mark on revenues. AT&T’s
results follow a recent trend seen this earnings season with
companies beating profits not because revenues are up, but
because costs have decreased. Tech-giant Apple’s (AAPL) highly anticipated earnings report was
also released after the closing bell yesterday; the company
announced an annualized $10.60 dividend and ended the day flat.
In economic news, durable goods orders in March tumbled 5.7%,
markings its steepest decline in seven months [see What Can You Buy With Apple's Cash?].

The Aerospace & Defense ETF (PPA,
A-) was one of the best performers today,
gaining 1.24% during the session. After Boeing (BA) and General Dynamics Corp (GD) reported earnings that came in above
expectations, this ETF gapped significantly higher at the open.
PPA inched higher throughout the day, eventually settling at
$22.94 a share [see Kitchen Sink ETFdb Portfolio].

The Nasdaq Biotechnology ETF (IBB, A-) was one of the worst
performers today, shedding 2.92% during the session. After Amgen
(AMGN) announced earnings beat expectations but
sales fell short of estimates, this ETF gapped significantly
lower at the open. IBB traded lower throughout the day,
eventually settling at $169.67 a share [see Baby Boomers ETFdb Portfolio].

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ETF Fun Fact Of The Day

The best-performing themed strategy over the trailing
one-year period has been the King Dollar ETFdb Portfolio, which has
gained 9.89%.